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What can bitcoin buy

Publish: 2021-03-23 11:27:44
1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

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2. 1、 What can bitcoin buy
1. Because of its anonymity, British brothels pay for it
2. It can pay the tuition fees of European universities without cross-border fees
3. Public welfare organizations accept donations from bitcoin< However, bitcoin is not widely circulated in most areas, so if you want to buy vegetables with bitcoin immediately, you'd better wash and sleep

2. The situation of bitcoin in China, bitcoin is experiencing "ice and fire"
on the one hand, the central bank and other five ministries and commissions have issued a notice clearly pointing out that bitcoin is not a legal currency and cannot be circulated offline; At the same time, bitcoin went up and down, which made many people doubt that it was a huge bubble, and even a financial fraud under the guise of high-tech.
3. You can't buy anything
it is a virtual currency
it has no monetary value
cannot be used for circulation
cannot be used for trading.
4. If you don't understand BTC at all, I'll tell you in vain. According to the current price and difficulty increase of mining machinery, none of the mining machinery can recover the cost. All the mining machinery will lose money
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